Question 1

Alan Teale, in his varied insurance schemes, sold disability policies to professional athletes and liability policies to high-school athletic programs.

Accepted Answer

The statement accurately describes the types of insurance policies sold by Alan Teale.

Question 2

How are offshore entities used in committing financial fraud? Provide examples.

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The answer of How are offshore entities used in committing...

Question 3

Why were criminal networks a necessary part of many of the savings and loan frauds? What activities occurred in the criminal network? What were the common methods used to cheat the public?

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The answer of Why were criminal networks a necessary part...

Question 4

Steven Wymer testified before ________________ that broker-dealers had aided and abetted him in his schemes.

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The answer of Steven Wymer testified before ________________ that broker-dealers...

Question 5

Financial institutions are entrusted to properly invest and oversee large amounts of funds which are ________________ in them.

Accepted Answer

The answer of Financial institutions are entrusted to properly invest...

Question 6

The insurance industry is largely regulated by individual ________________.

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The answer of The insurance industry is largely regulated by...

Question 7

Discuss what pension fund fraud is. Why do you think this crime is especially heinous? Who are the victims of pension fund fraud?

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The answer of Discuss what pension fund fraud is. Why...

Question 8

The biggest losers in the Institutional Treasury Management case was ________________.

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The answer of The biggest losers in the Institutional Treasury...

Question 9

Distinguish insider thrift fraud from outsider thrift fraud. Who is involved? What are the techniques? What are the motivations?

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The answer of Distinguish insider thrift fraud from outsider thrift...

Question 10

First Pension Corporation investments turned out to be a ________________ scheme.

Accepted Answer

The answer of First Pension Corporation investments turned out to...

Question 11

A number of recognized Caribbean nations such as Belize, Dominica, and Grenada have offered economic citizenships, which have a lot in common with the offerings of nonexistent countries.

Accepted Answer

This statement is true, as several Caribbean nations do offer economic citizenship programs allowing foreign investors to obtain citizenship and passports in exchange for financial contributions to their economies. Some of these programs have faced criticism for potential security risks and misuse by wealthy individuals seeking to avoid taxes or legal troubles in their home countries.

Question 12

The term ________________ refers to a location in a place other than the United States.

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The answer of The term ________________ refers to a location...

Question 13

Reinsurance companies function outside of the formal regulatory system because they do not directly affect consumers.

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The answer of Reinsurance companies function outside of the formal...

Question 14

Investigate the reinsurance industry.Is it still a common practice in the United States? Have there been any recent insurance scandals that involved the practice of reinsurance?

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The answer of Investigate the reinsurance industry.Is it still a...

Question 15

Merrill Lynch was a key player in the subprime mortgage collapse. It had been securitizing subprime loans and then selling them to investors who had borrowed the money to purchase them from Merrill Lynch itself.

Accepted Answer

This statement is true. Merrill Lynch was securitizing and selling subprime loans to investors, contributing to the subprime mortgage collapse.

Question 16

How does investment and financial services fraud work? Who are the actors typically involved in this sort of fraud?

Accepted Answer

The answer of How does investment and financial services fraud...

Question 17

________________ loans involve loans on real estate to borrowers that do not exist or are not in fact the real borrowers.

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The answer of ________________ loans involve loans on real estate...

Question 18

Subprime ________________ fraud is one of the main reasons for the current national surge in foreclosures.

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The answer of Subprime ________________ fraud is one of the...

Question 19

What are economic citizenships? Why do individuals obtain these items? Why do countries issue them? What is the negative side of economic citizenships?

Accepted Answer

The answer of What are economic citizenships? Why do individuals...

Question 20

Match between columns
                        Premises: Alan Bond
Nominee loans
Reciprocal lending
Alan Teale
Linked financing
Land flips
Financial institutions
The Keating Five

Accepted Answer

The Answer of Took advantage of the professional sports players is...

Quiz 8: Fiduciary Fraud